iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,430 Blog Posts

Weakness Persists

About 70% of stocks are lower today. For those of you who aren’t long the beguiled uranium sector, which has now caught fire to the maximum extreme, today is a boring day. I look at the charts of URRE and USU and ask myself ‘why?’ I don’t have any unique insights on the subject, but can only tell you this pattern repeats itself over and over again.

A sector gets so cold, it gets hot. Everyone who was leaning short, covers and the stock prices soar. This isn’t going to last very long, unless of course we are discussing a fundamental shift, like what took place in the solar sector.

I am going to chill, give myself time to feel comfortable with entry points. When I am trading, I am a vagabond. When I am investing, I have a purpose and feel good about that. Trading is fun and profitable, but I need more. I cannot just move from stock to stock, like some sort of financial locust.

Let them come in and then I will buy them. If they do not come in, I will be forced to keep trading.

 

Nuclear is the hot buzz word now. I‘ve thought about this long before any of you clowns even knew about these stocks, and have an industry dedicated to it inside of The PPT.

nukes

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20 comments

  1. Ray Donovan

    IMMR hanging tough in a down market..good sign

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  2. ripper

    OCZ!

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  3. Jake the Rake

    You still holding AMBA?

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  4. ripper

    pardon my q fly: what was the fundamental shift in the solar sector?

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    • Dr. Fly

      Go take a look at their earnings statements, then we can talk.

      There isn’t any room for ideologues here, good sir.

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  5. Dr. Fly

    I sold AMBA about a week ago. I believe it was posted here. All trades are 100% posted inside PPT, real time. I hate to throw that out there, but I get confused sometimes.

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  6. BathSaltTrader

    UEC looks tasty

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  7. hybullshit

    CXO is up

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  8. Juice

    there must be a nukular war on the horizon

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    • mystos

      Yeah, it will start at an elementary school spelling bee night.

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      • Juice

        I learned everything from GWB

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        • just kidding

          If his last name wasn’t Bush, I think you’d have Al Gore presidency from 2000-2008 and then probably McCain at least for 2008-2012, as it would have been easy for him to blame the last administration. Also, Obama probably would not have ran in 2008 as he initially had no intention of (if you believe him) but instead happened to seize the opportunity that presented itself. As a result, McCain would beat Hillary at least once, and perhaps Obama would run in 2012 and win, or perhaps not….

          Alternative: Because Bush didn’t have the same last name the votes all go to Alan Keyes in the primary and Alan Keyes became the first black president. HAHA

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  9. The Next New Cat Thing
    The Next New Cat Thing

    Hey folks,
    Don’t forget the iBankCoin logo contest.
    Here is my entry when voting begins.

    https://lh4.googleusercontent.com/-rI5Y0G5AFgY/UfaXZ74KK9I/AAAAAAAAABQ/y2joAebPdTI/s726/IBankCoin.JPG

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  10. lol

    how relieved would you be to have 99,000-99,999 euros in cyprus

    Actually, if you have 52501 you are now richer than those around you who had 100,000 in their accounts… how messed up is that?

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